American Shipping Company (AMSC) is a ship finance company focused on the intercoastal U.S. Jones Act shipping market. The company owns a fleet of nine modern handy size product tankers and one modern handy size shuttle tanker. AMSC charters its vessels on long term bareboat charters that provide stable, predictable cash flow. The Company is listed on the Oslo Stock Exchange under the symbol “AMSC”.
Ship financing company established in 2005 and publicly traded on the Oslo Stock Exchange under the ticker AMSC
Aker ASA is the largest shareholder with ~19% of the shares
Fleet of 9 modern MR product tankers and 1 modern shuttle tanker all operating in the U.S. Jones Act market and on long term bareboat charters with evergreen extension options with Overseas Shipholding Group, Inc. (OSG)
Four bareboat contracts expiring in 2020
Five bareboat contracts expiring in 2022
Shuttle tanker bareboat contract expiring in June 2025
Substantial dividend capacity from bareboat revenue and additional cash flow from profit sharing mechanism with OSG
Star Sea Management Private Limited is providing exclusive Manning & Crewing Services for its Foreign and Indian shipping clients with equal tie-ups with Ship Owners,Ship Management Companies or Owner’s Representatives and Managers.